Technical Analysis – 21 November 2022
United States | Singapore | Hong Kong
Calix, Inc (CALX US)
- Shares gapped up and closed above both the 5dEMA and 20dEMA with a jump in volume. The 5dEMA crossed above the 20dEMA.
- MACD is about to turn positive, and RSI starts turning upward.
- Long – Entry 69.5, Target 75.0 Stop 67.3
Constellation Brands, Inc (STZ US)
- Shares formed a bullish rectangle pattern.
- MACD is about to turn positive, and RSI is constructive.
- Long – Entry 245.0, Target 258.3, Stop 239.5
Genting Singapore Ltd (G13 SP)
- Shares trended upward and closed at a high since July with rising volumes.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry 0.860, Target 0.900, Stop 0.845
Raffles Medical Group Ltd (BSL SP)
- Shares formed a cup and handle pattern.
- MACD starts turning negative, and RSI is flat.
- Long – Entry 1.35, Target 1.45, Stop 1.30
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. (874 HK)
- Shares trended upward and closed at a high since July. The 50dEMA was about to cross the 200dEMA.
- Both MACD and RSI are constructive.
- Long – Entry: 21.0 Target: 22.50, Stop: 20.3
COSCO SHIPPING Ports Ltd (1199 HK)
- Shares trended upward and closed at a high since July.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry: 5.50, Target: 6.00 Stop: 5.25
